GC=F vs. FXA
Compare and contrast key facts about Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or FXA.
Correlation
The correlation between GC=F and FXA is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GC=F vs. FXA - Performance Comparison
Key characteristics
GC=F:
2.53
FXA:
-0.27
GC=F:
3.16
FXA:
-0.32
GC=F:
1.45
FXA:
0.96
GC=F:
4.66
FXA:
-0.06
GC=F:
12.10
FXA:
-0.43
GC=F:
3.08%
FXA:
5.34%
GC=F:
14.87%
FXA:
8.60%
GC=F:
-44.36%
FXA:
-40.97%
GC=F:
0.00%
FXA:
-34.37%
Returns By Period
In the year-to-date period, GC=F achieves a 19.62% return, which is significantly higher than FXA's 1.65% return. Over the past 10 years, GC=F has outperformed FXA with an annualized return of 8.90%, while FXA has yielded a comparatively lower -1.26% annualized return.
GC=F
19.62%
10.87%
17.91%
40.63%
12.37%
8.90%
FXA
1.65%
1.09%
-8.30%
-1.88%
1.13%
-1.26%
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Risk-Adjusted Performance
GC=F vs. FXA — Risk-Adjusted Performance Rank
GC=F
FXA
GC=F vs. FXA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
GC=F vs. FXA - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for GC=F and FXA. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. FXA - Volatility Comparison
Gold (GC=F) has a higher volatility of 2.89% compared to Invesco CurrencyShares Australian Dollar Trust (FXA) at 2.43%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.